Guideline Value for Anbu Nagar

Anbu Nagar guideline value

The current guideline value of Anbu Nagar, located in Karamadai village under the Mettupalayam SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Anbu Nagar has changed

The guideline value for Anbu Nagar has undergone several revisions over the years. The earliest recorded revision available is from 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, a rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%.

Guideline values in Karamadai

Karamadai village has 180 streets under the Mettupalayam SRO, with guideline values ranging from Rs 340 to Rs 1,680 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 800 per sq.ft, placing Anbu Nagar's 2024 figure below that median.

• Andiappagowder Street: Rs 440 per sq.ft (2024)
• Ammasai Mudhaliar Lane: Rs 440 per sq.ft (2024)
• Annai Vellankanni Nagar: Rs 800 per sq.ft (2024)
• Annamalai Mudhaliyar Street (Ward 16): Rs 800 per sq.ft (2024)
• Anna Mudhaliyar Street (Ward 17): Rs 800 per sq.ft (2024)
• Ambedkar Nagar (Ward 4): Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total charges to Rs 59,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Nagar?

Anbu Nagar falls under the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Karamadai

The guideline value is a crucial factor when registering property transactions in Karamadai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When a property is bought or sold, the guideline value helps determine the official value of the transaction. Buyers and sellers must be aware of this value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Anbu Nagar?

The current guideline value of Anbu Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the average guideline value in Karamadai?

The guideline values in Karamadai range from Rs 340 to Rs 1,680 per sq.ft, with a median value of Rs 800 per sq.ft.

What are the stamp duty rates for properties in Anbu Nagar?

The stamp duty for properties in Anbu Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Mettupalayam Sub Registrar Office located?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.